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he will need some tax increases. will you help the president now that we're in a new era looking for the grand bargain? >> this has tax increases. >> they call them fees. >> people in kansas will pay more money to washington and they know how that works. they had a big tax inl crease last january. the problem is spending. this deal raises spending at the end of the day. >> we are, we're very low. we did, we came up a little bit, not a whole lot. we're in a new era. there could be another bipartisan deal that could be more to your liking for deficit reduction. you and i both know, you will have to accept some tax releases. are you willing to get the debt off the backs. your kids? are you willing to compromise or whatever the word is with this president? >> this deal does not help the economy. we need a growing economy. we need less regulations and we haven't even talked about the president's health care plan. you have to roll back on something. >> i have to say that continuing with this sequester, this austerity budge
he will need some tax increases. will you help the president now that we're in a new era looking for the grand bargain? >> this has tax increases. >> they call them fees. >> people in kansas will pay more money to washington and they know how that works. they had a big tax inl crease last january. the problem is spending. this deal raises spending at the end of the day. >> we are, we're very low. we did, we came up a little bit, not a whole lot. we're in a new era. there...
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they didn't try to dramatically cut the debt or reform entitlements or raise taxes they simply tried to get congress back to a normal operation, scott, where they fund the government once a year instead of these stopgap measures that only last a few months and set up these crises. >> reporter: nancy, this is a bipartisan agreement but the house and the senate still have to vote. what are the chances? >> well, the chances are pretty high, scott. patti murray briefed senate democrats today. she likely would not have signed off on the deal if she didn't think she had her democrats with her. paul ryan will brief house republicans tomorrow morning. same thing, he kept leaders in the rain party, all the relevant chairs, abreast of these negotiations all the way along so it looks like they won't get everyone. they won't get all the democrats or republican bus they'll get enough. >> pelley: nancy cordes with breaking news on capitol hill. nancy, thanks very much. today the chairman of the senate banking committee, democrat tim johnson, bowed to pressure from the obama administration. he said
they didn't try to dramatically cut the debt or reform entitlements or raise taxes they simply tried to get congress back to a normal operation, scott, where they fund the government once a year instead of these stopgap measures that only last a few months and set up these crises. >> reporter: nancy, this is a bipartisan agreement but the house and the senate still have to vote. what are the chances? >> well, the chances are pretty high, scott. patti murray briefed senate democrats...
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there are tax loops. there are provisions that encourage companies to move jobs overseas that we can close and pay for this. there are other provisions that would stop subsidizing significant multimillion-dollar corporate benefits so that american families could have a chance. so we can do this if we have to but we've got to do it. now, these loopholes that we've talked about and many of my colleagues talked about, they should be closed anyway, but if it helps pay for unemployment insurance, well, that's -- that's not only good, that's something that would be a very positive step forward. we need not only for the individual family but for the overall economy to extend these benefits and we have to start immediately. we're running out of time. we have just two weeks. and nothing's more important than getting people back to work and, as i said, if we don't do this, we're going to see 200,000 jobs that are going to be foregone in the next year. so this is about jobs as well as about keeping families together
there are tax loops. there are provisions that encourage companies to move jobs overseas that we can close and pay for this. there are other provisions that would stop subsidizing significant multimillion-dollar corporate benefits so that american families could have a chance. so we can do this if we have to but we've got to do it. now, these loopholes that we've talked about and many of my colleagues talked about, they should be closed anyway, but if it helps pay for unemployment insurance,...
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there are no tax increases here. and point number three, we are finally starting to deal with auto pilot spending. the mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done a budget agreement when both houses were controlled by other parties is because it is not easy to do. so we are not going to get everything we want, and she won't get everything she wants [ inaudible question ]. >> i think we will pass this to the house and we'll go first given our schedules in the house, we will post this on our website today, this evening and we intend to bring it to the house floor later on this week. i have every reason to expect great support from our caucus because we are keeping our principals. the key is here nobody had to sacrifice their core principles. our principles are don't raise taxes an reduce the deficit. and we have concerned members about defense. the next hit from the sequester would hit solely on
there are no tax increases here. and point number three, we are finally starting to deal with auto pilot spending. the mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done a budget agreement when both houses were controlled by other parties is because it is not easy to do. so we are not going to get everything we want, and she won't get everything she wants [ inaudible question ]....
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paul ryan saying there's no taxes involved, no tax increases, well there are these fee increases. so it's a little squirrely. there's going to be includesed aviation fees. there's going to be higher contributions for federal workers to their pensions. you can call those fees. for a lot of people, those are going to look a bit like taxes. so i think that's kind of the basic breakdown of the two-year deal. i actually, by the way, i like the fact that there's going to be less fiscal head winds on the economy in 2014 and 2015. many democrats would have liked to see extended unemployment insurance in there. that wasn't in the bill. >> let me bring back in richard wolffe. richard, how do they get the votes on this? and are they trying to prove after such a non-productive congress, one of the northeast non-productive congresses in history, that they can make something work? because i noticed senator murray particularly made the point that they made the compromise government could work. >> if government can work means they can avoid a shutdown and pass a basic budget, i guess we should be
paul ryan saying there's no taxes involved, no tax increases, well there are these fee increases. so it's a little squirrely. there's going to be includesed aviation fees. there's going to be higher contributions for federal workers to their pensions. you can call those fees. for a lot of people, those are going to look a bit like taxes. so i think that's kind of the basic breakdown of the two-year deal. i actually, by the way, i like the fact that there's going to be less fiscal head winds on...
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point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our principles are don't raise taxes, reduce the deficit. we also have a lot of concerned members about defense. the next hit was going to hit solely on the m
point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to...
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something like $300 billion in tax revenue, you know, to support government at all levels. and an incredible -- something like a 700% return on investment. and think about the things we spend money on, ed. think about -- to put in perspective, people talk about $10 billion. what an investment, what a return on investment. we're fighting two wars right now. we're spending something like $1.2 trillion a year on those wars. what's the return there? we're spending on foreign aid $30 billion a year. $30 billion annually. and we're talking about a one-time $10 billion investment in the auto industry that is reverberating around this country. what does it mean for lansing? we're outing out one of the best cars in the world, the cadillac cts, motor trend car of the year. we gave these people, these workers, an opportunity to do what they do best, which is to make tremendous products, they're in demand, all across the world. >> leo, gerard, what would it mean for manufacturing if mitt romney had gotten his way? what would be our story tonight? >> ed, the story would have been that m
something like $300 billion in tax revenue, you know, to support government at all levels. and an incredible -- something like a 700% return on investment. and think about the things we spend money on, ed. think about -- to put in perspective, people talk about $10 billion. what an investment, what a return on investment. we're fighting two wars right now. we're spending something like $1.2 trillion a year on those wars. what's the return there? we're spending on foreign aid $30 billion a year....
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point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all right. so there you have it. a major, major deal, words you don't often here in washington, d.c. right now. compromise. and as you heard paul ryan say, a step in the right drink, although there will be plenty of conservatives who won't be happy with this deal. there will be some liberals who won't be happy with it as well. it's still got to pass the house of representatives, pass the senate, go to the president for his signature. if it passes, there will not be a government shutdown in january. we'll be right back. every day we're working to be an even bet
point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all...
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the election of harding basically two things he had to slogans one was lower taxes top tax rate was ninety one percent he lowered it to twenty five percent nineteen twenty want to since he was elected and his slogan more more business in government less government in business in other words outsource and deregulate and some familiar this these two things which he put into place nine hundred twenty one kicked off the roaring twenty's the bubble of the word twenty's which led to the crash of twenty nine so we learned so we get really stupid there for a period of time we learned from that night from really nine hundred thirty two until the one nine hundred eighty s. and by the time the one nine hundred eighty s. came along sixty years down the road more or less time that came along and the only people who you know like it phil gramm had proposed gramm leach bliley right you know to and glass steagall if you propose that back in the fifty's or the sixty's or even the early seventy's there were still people in congress who remembered the crash and the go on your crazy but instead made you know
the election of harding basically two things he had to slogans one was lower taxes top tax rate was ninety one percent he lowered it to twenty five percent nineteen twenty want to since he was elected and his slogan more more business in government less government in business in other words outsource and deregulate and some familiar this these two things which he put into place nine hundred twenty one kicked off the roaring twenty's the bubble of the word twenty's which led to the crash of...
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and the top 5%, about half of all of those taxes. some say they should because, after all, they have it. and everyone else gets a pass because i guess they don't. that is not fair, it is not balanced or right, just like it is not right to call all priests pathetic, because some are prophetic. maybe some of those questioning the fast food workers worry about those workers losing their job. they are not thoughtless, they are thinking. maybe people are just wondering what the heck washington did with the hundreds of billion of what the government did with the money for roads and bridges. it is not selfish to demand accountability, it is stupid not to find it important. but woe to the media figure that figures that figures matters, that and cents matters, that questioning how one out of three people in this country are getting some form of food assistance in this country means that something must be very wrong in this country. now they are not poor, starving americans who generally need help, they are starving for answers for americans w
and the top 5%, about half of all of those taxes. some say they should because, after all, they have it. and everyone else gets a pass because i guess they don't. that is not fair, it is not balanced or right, just like it is not right to call all priests pathetic, because some are prophetic. maybe some of those questioning the fast food workers worry about those workers losing their job. they are not thoughtless, they are thinking. maybe people are just wondering what the heck washington did...
SFGTV: San Francisco Government Television
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state, federal and regional, resources the first plan was in 2004 and the basis for the prop k sales tax which was approved by over 75 percent of the voters in 2003, and this is the time to update the plan and, and the new plans have been adopted and a lot of the accomplishments from the first plan have been made, and so it is time to adopt a new one. but the plan is designed to address our goals that have emerged, in the last ten years. in the ideas of livebility and healthy environment and we have the climate goals that we need to achieve and the state of good repair needs and the plan... and the goals and we started off with these goals and also the estimate of the resources that we expect to have through 2040. and the needs that partner agencies have identified, as well as the input from the public. through our citizen advisory committee for this process as well as the public input that we conducted throughout physical therapy process of developing the plan, and we also include the development of the strategy, but to help to make the best use of these investments and what we presente
state, federal and regional, resources the first plan was in 2004 and the basis for the prop k sales tax which was approved by over 75 percent of the voters in 2003, and this is the time to update the plan and, and the new plans have been adopted and a lot of the accomplishments from the first plan have been made, and so it is time to adopt a new one. but the plan is designed to address our goals that have emerged, in the last ten years. in the ideas of livebility and healthy environment and we...
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the irs is working on rules that would limit activity of groups with tax exempt status. that is controversial because those groups are raising a lot of money and don't want to see their participation muddled. there's the case to be made it's not the irs's duty to enforce the stuff. perhaps it's the federal election commission or congress. >> the new healthcare law is mixed up in the middle of this as well. >> right dead center. the irs is supposed to be checking the fines from those poo who don't sign up for insurance, as well as streetlightsing the subsidies and credit for those who need help gems their obamacare. healthcare is a fifth of our new, economy, and it might be difficult or unwise to trust the irs handling obamacare. there will be a lot more of the battle. >> carl, thank you. nice to see you. if you want to remember some of your best experiences, listen up. and not take so much -- so many pictures of yourself. instagraming could mess up your memory. next, what this new study suggests about memory and all those photos that were taken, and, >>> if you're one of
the irs is working on rules that would limit activity of groups with tax exempt status. that is controversial because those groups are raising a lot of money and don't want to see their participation muddled. there's the case to be made it's not the irs's duty to enforce the stuff. perhaps it's the federal election commission or congress. >> the new healthcare law is mixed up in the middle of this as well. >> right dead center. the irs is supposed to be checking the fines from those...
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of friends against taxes on employment in the euro it's a these hard hit by the economic crisis with budget cuts. and youth unemployment forty percent. around the fukushima nuclear plant in japan there are areas where the radiation can kill you in just twenty minutes for the hundreds of thousands of locals displaced in two thousand and eleven many still live in hope of returning home as the government feeds them with assurances that it's just a matter of time but authorities are like she has just a few reports as the years go by such claims look more like empty promises. this woman can only fit me and my cameramen into her new home she apologizes but there's simply no room for the whole crew inside she's one of recent lawyers from the fukushima area forced to leave their homes amid the twenty eleven nuclear disaster . when the tsunami hit we were told to pack only necessary things and run away they said it would be only for two three days now living in this cage of a house returning to our old house is a dream which we know won't ever come true we are being fed with promises of a big
of friends against taxes on employment in the euro it's a these hard hit by the economic crisis with budget cuts. and youth unemployment forty percent. around the fukushima nuclear plant in japan there are areas where the radiation can kill you in just twenty minutes for the hundreds of thousands of locals displaced in two thousand and eleven many still live in hope of returning home as the government feeds them with assurances that it's just a matter of time but authorities are like she has...
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obamacare has hampered medical innovation by taxing the very people that build medical devices here in america causing them to move those businesses off shore or simply to cut down their hiring. and it's placed costly new burdens on small businesses. the entities that produce as many as 70% of the new jobs in america. it's not the fortune 500 that create the vast majority of jobs in america, it's the small mom-and-pop operations, the entrepreneur who create those jobs and that's where obamacare hits the hardest. it's no wonder our economy continues to struggle. it's no wonder the labor participation rate, the number of people who are actually in the work force is at a 35-year low. people have given up looking for work and that's an american tragedy. as i stand here today, the broken promises of obamacare are causing enormous distress and financial hardship for people all across my state of texas and all across america. it's undenial -- undeniable that millions of americans have lost their insurance because of obamacare. despite president obama's almost daily res the nation that if you
obamacare has hampered medical innovation by taxing the very people that build medical devices here in america causing them to move those businesses off shore or simply to cut down their hiring. and it's placed costly new burdens on small businesses. the entities that produce as many as 70% of the new jobs in america. it's not the fortune 500 that create the vast majority of jobs in america, it's the small mom-and-pop operations, the entrepreneur who create those jobs and that's where obamacare...
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he is about lowering taxes and keeping taxes low. he is going after education who in new jerseyç or any place el doesn't agree needs to be ramps up. and keeping texas down. more of us keeping more of our money. >>ç conservatives don't love h for a variety of reason ares. the questions that i asked chris too, do conservatives have something toç learn? >> i have to say, i have always said that chris christie is the one that i'm most concerned about regardless of who is on thatç platform with a d on the chest. we saw with romney even though he was a mormon and a lot of the more christian conservatives im, at the end of the day you have a democrat and a republican they will put their support to chris christie. but i think he has great appeal in new jersey and heç should. i'm not sure they go dgoing to transcend on a national level. i think he will have some problem with the gay vote which is a vastç growing politicaly force in america. >> and it is all about the beginning of the race called the primaries as well. >> right now
he is about lowering taxes and keeping taxes low. he is going after education who in new jerseyç or any place el doesn't agree needs to be ramps up. and keeping texas down. more of us keeping more of our money. >>ç conservatives don't love h for a variety of reason ares. the questions that i asked chris too, do conservatives have something toç learn? >> i have to say, i have always said that chris christie is the one that i'm most concerned about regardless of who is on...
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and january, who loses their doctors and april, who is 15ed by the man date tax. and next summer, when all of the insurance companies up their rates and if young people don't go in the system and subsiddize all of the rates will go up before the election. i think it is a disaster for the democrats. >> and marjorie, does it? you throw in the employer man date. >> it could be that we see a lot of the benefits that are mapped out and it is a misnomer to say that people are losing the insurance. most major employers have the health care that hold the tenants in face. it will be individuals and small businesses that will see the change. but looking at the system, everyone of us insurance or not are at risk of the health care system failing. it is designed hopefully to benefit the whole of the american public. in two years or 2016, what is the memory of the american public look like and how is it all playing out. >> johnathon, what is the chances of the republicans regaining the senate. >> the congressional balance test question and weather where they are asked if they
and january, who loses their doctors and april, who is 15ed by the man date tax. and next summer, when all of the insurance companies up their rates and if young people don't go in the system and subsiddize all of the rates will go up before the election. i think it is a disaster for the democrats. >> and marjorie, does it? you throw in the employer man date. >> it could be that we see a lot of the benefits that are mapped out and it is a misnomer to say that people are losing the...
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one of the biggest ones is this 3.8% surtax, obamacare tax. investment income over -- if you have $250,000 of adjusted gross income you will be impacted by this on your net investment income and that investment income and closes rent and royalties as well. tracy: if i make $250,000 i worry about this and the next step is to figure out my net investment income and you are saying it is important to make sure your neck is zero. >> difficult to make it zero and that is not actually a goal. but if you have a lot of capital gains, look at your portfolio and say do i have any losses in my portfolio? if you saw losses in your portfolio, as long as you stay out of that security for 30 days and there are strategies to do that, sell it before the end of the year to offset those capital gains with that loss. tracy: you are referring to if you want to buy it back, buy it back but get a tax loss for the time being. other things we could do, we talk retirement contributions, all before year end. >> charitable contributions if you make charitable contribution
one of the biggest ones is this 3.8% surtax, obamacare tax. investment income over -- if you have $250,000 of adjusted gross income you will be impacted by this on your net investment income and that investment income and closes rent and royalties as well. tracy: if i make $250,000 i worry about this and the next step is to figure out my net investment income and you are saying it is important to make sure your neck is zero. >> difficult to make it zero and that is not actually a goal....
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with regard to a flat tax, we really must reform the tax code. we're letting a lot of extraordinarily wealthy people get off the hook by, you know, sending their money overseas. i think we saw i a presidential candidate that did that the last election. that's not right. that's not fair. the problem with the flat tax is somebody that's making a million or several million dollars a year would be paying the same rate as somebody that's digging a ditch. for $10 or $7.50 an hour. that's not really fair. it has to have some progressivity in it. but clearly, we need to simplify the code. clearly, we need to end the kind of loopholes that allow both corporations -- some of the largest corporations in america literally pay no tax at all, that's wrong. and individuals are able to avoid their taxes by all kinds of loopholes and various schemes, offshoring their money and the like. all of that should end. we all have a responsibility for this nation, and part of that responsibility is to help pay for it in a fair and appropriate way. with regard to campaign
with regard to a flat tax, we really must reform the tax code. we're letting a lot of extraordinarily wealthy people get off the hook by, you know, sending their money overseas. i think we saw i a presidential candidate that did that the last election. that's not right. that's not fair. the problem with the flat tax is somebody that's making a million or several million dollars a year would be paying the same rate as somebody that's digging a ditch. for $10 or $7.50 an hour. that's not really...
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over to his family showed up with the tax. but none of it. i have been so worried. i've been waiting a long time for my baby to be checked another. i don't know what will happen when my tv crews up. so i'd like to stick to you can cut out leaves a childhood spent in uk. she has long been worried about the effects of giving. read on when the moon condemned next six months old. i feel safer. it might be the protector and younger teens. this new device is called the beatles. it measures the internal radiation level of an impact placed inside it. it's the only lady this time whatever the need for clarity. she will be one today marks the highest degree that is less than receiving. the new world. i know all the new city of tokyo. the sixteen back to balochistan. he says the main challenge was to make it as precise as possible. would that be even though the treaty. for children eating the same amount of radioactive season or as compared to the parents among the weighty decision making related to the bowling with much less be open to head to quantify. the theory that the am
over to his family showed up with the tax. but none of it. i have been so worried. i've been waiting a long time for my baby to be checked another. i don't know what will happen when my tv crews up. so i'd like to stick to you can cut out leaves a childhood spent in uk. she has long been worried about the effects of giving. read on when the moon condemned next six months old. i feel safer. it might be the protector and younger teens. this new device is called the beatles. it measures the...
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you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for work three times harder than average recipients of unemployment benefits because of provisions that make it difficult to be on federal assistance programs without looking for work or being a lazy welfare queen. >> you have people faced with the choice of being out of work, medicaid, low wage job without health insurance, it's a very challenging situation for people. you need to come up with a way to structure these programs so they support people in need and continue to support them as they are low wage workers so they can climb out of poverty. >> as a farm bill, everybody knows, deals with it knows t
you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for...
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it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spending. >> raised payroll taxes to where it was for decades before they were cut in an emergency. >> but to american families, that now decreased the amount of money that they bring home. >> when you look at healthcare costs, social security and pension, that's where all the growth is. healthcare is the biggest driving factor. with that we're cutting roads, highways, education, medical research, the things that we ought to be investing in because we're holding sacrosank for folks my age. which i appreciate very. but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough politi
it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spending. >> raised payroll taxes to where it was for decades before they were cut in an emergency. >> but to american families, that now decreased the amount of money that they bring home. >> when you look at healthcare costs, social security and pension, that's where all the growth is. healthcare is the biggest driving...
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what about taxes? discounting sales tax. portland, oregon, rent the worst but came to the amount of taxes paid. highest taxes for people on vacation according to the global business travel association of business or the managers may pay $22.86 just in taxes. boston and indianapolis in a close second and third. $18.10 respectively there. we have big money in college football. we are going to to the ceo of one of the big playoff games to be and one of the big bowl games. another consequence of health reform. covering the nations volunteer fireman. why would they have to be covered under obamacare? and more on the new ceo of general motors which we talked about earlier. saying moments ago she was the unanimous choice. more details at the top of the hour as "markets now" continues. hi honey, did you get e toastecozy? yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat r
what about taxes? discounting sales tax. portland, oregon, rent the worst but came to the amount of taxes paid. highest taxes for people on vacation according to the global business travel association of business or the managers may pay $22.86 just in taxes. boston and indianapolis in a close second and third. $18.10 respectively there. we have big money in college football. we are going to to the ceo of one of the big playoff games to be and one of the big bowl games. another consequence of...
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we have heard that the budget does not deal with entitlement reform tax loopholes, major debt reduction or all of the sequestration cuts. you're on the special budget conference that's coming up with the plan. that's your feeling on how this is taking shape, and then what's your biggest linchpin of concern? >> well, first, thomas, i think it's really important to say that more important i believe than the numbers and the details are doing it at all. you've got to understand congress hasn't passed a budget in four years, and i think simply coming to a deal that can be passed by both houses and get us off of this crisis to crisis governing is in itself important, and important to the country and important to the confidence in the country to help this recession that seems to be -- the recession that seems to be ending the momentum that's being gained in the economy to help that keep going. so that's a really important point and we shouldn't lose sight of that when we're talking about how it's being funded or what the actual dollars are. my impression is from talking to people around here t
we have heard that the budget does not deal with entitlement reform tax loopholes, major debt reduction or all of the sequestration cuts. you're on the special budget conference that's coming up with the plan. that's your feeling on how this is taking shape, and then what's your biggest linchpin of concern? >> well, first, thomas, i think it's really important to say that more important i believe than the numbers and the details are doing it at all. you've got to understand congress...
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number three, there's no new taxes. i would have hoped to have a little bit of entitlement reform but that apparently is too much to tackle. >> what do you think about the idea that democrats and republicans worked together on this? >> hallelujah. >> margaret is our next caller from seattle, washington, an independent. hi, what's your comment? >> i just wanted to congratulate ryan and murray for working together for something many of my democratic and republican friends all have as a major complaint. it's not discerning about the details. that's a really big disparity. a lot of us feel disenfranchised by the democrats because it's so sad to see the minority has ruled them instead of the majority of us who put them in place. so this is a really good thing for us. we're waiting for a few years. we kind of jumped off the democrat, went to independent, but there won't be an independent in the running it. will either be democrat or republican. so we're going to wait the next few years to see if they finish what they started,
number three, there's no new taxes. i would have hoped to have a little bit of entitlement reform but that apparently is too much to tackle. >> what do you think about the idea that democrats and republicans worked together on this? >> hallelujah. >> margaret is our next caller from seattle, washington, an independent. hi, what's your comment? >> i just wanted to congratulate ryan and murray for working together for something many of my democratic and republican friends...
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it's been a long month, you know, probably emotionally taxing, you know. he seems okay. he seems like he will be just fine. >> mr. newman said he will talk more about his experience later after recovering his strength. >>> there's new privacy concerns about the release of information from the covered california website. thousands of californians have gone online since the state's insurance exchange page launched back in october. many of those people started but did not finish the application process. well, now the state has given their contact information to private insurance agents who are being asked to help people finish the enrollment process. lieutenant-governor gavin newsom says that idea is a serious mistake. >>> as we have been reporting, the winter storm on the east coast is has see sexually shut down the -- has essentially shut down the federal government. that include the hearing for the asiana crash in san francisco. ken wayne is live in washington, d.c. that the hearing has now been postponed it looks like the snow has turned to rain. ken? >> reporter: well,
it's been a long month, you know, probably emotionally taxing, you know. he seems okay. he seems like he will be just fine. >> mr. newman said he will talk more about his experience later after recovering his strength. >>> there's new privacy concerns about the release of information from the covered california website. thousands of californians have gone online since the state's insurance exchange page launched back in october. many of those people started but did not finish the...
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how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. [ female announcer ] let betty do the measuring and get a head start on delicious homemade cookies. visit bettycrockercookies.com for fun holiday ideas. betty crocker cookie mix. just pour, mix...love. betty crocker cookie mix. ... through yonder window breaks ... it is the east ... and juliet is the sun good night! good night... parting is such sweet sorrow... that i shall say good night 'til it be morrow. if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help
how are you with taxes? [ laughs ] [ counselor ] and for even more cleaning power, try cascade platinum. [ female announcer ] let betty do the measuring and get a head start on delicious homemade cookies. visit bettycrockercookies.com for fun holiday ideas. betty crocker cookie mix. just pour, mix...love. betty crocker cookie mix. ... through yonder window breaks ... it is the east ... and juliet is the sun good night! good night... parting is such sweet sorrow... that i shall say good night...
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if chris van hollen is talking about lower to medium income workers having more or less a tax increase, i would support him on that. but there's got to be some give and take. we're down to the witching hour and we need to get it done. >> let's talk about the defense authorization bill because lawmakers did agree to a modified version and some of the points are it would provide a modest increase for military service members in pay, bars the obama administration from transferring terrorism detainees from gitmo to the u.s., requires the dishonorable discharge or dismissal of anyone convicted of sexual assaults and stops military commanders from changing the findings of prosecutors, although it doesn't go as far as kirsten gillibrand's bill. do you support the proposal as it is now? >> i do support the proposal. >> will it pass? >> i'm disappointed we didn't get to bring it to the senate floor for members actually to be able to offer amendments and the senate to work its will. but given that it is now the second week of december and we need a bill to support our troops and to give all the
if chris van hollen is talking about lower to medium income workers having more or less a tax increase, i would support him on that. but there's got to be some give and take. we're down to the witching hour and we need to get it done. >> let's talk about the defense authorization bill because lawmakers did agree to a modified version and some of the points are it would provide a modest increase for military service members in pay, bars the obama administration from transferring terrorism...
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they have all of the background checks on these organizations to make sure they're tax-exempt and then make sure that it's a sound charity. that the money it collects a good portion of it actually goes to the mission, to the services and to the programs that it promises. 75% or more for every dollar is a good benchmark. >> you do this, due diligence, once you do this and all the charities there are out there, thousands of them. which ones do you find or have you found that are really pretty good. >> so a set back to really vet these charities, you want to go online and use the power of the internet. so sites, charity navigator, the bbb, the better business bureau. charity watch.org. all of these sites really vet these charities so that you can get a really good comprehensive understanding of where is the money going? is this a legitimate charity. the ones we found that got a plus ratings, four stars and bbb accreditation including the boys and girls club of america. it's a national organization with local chapters helping boys and girls find safe and productive places to be after schoo
they have all of the background checks on these organizations to make sure they're tax-exempt and then make sure that it's a sound charity. that the money it collects a good portion of it actually goes to the mission, to the services and to the programs that it promises. 75% or more for every dollar is a good benchmark. >> you do this, due diligence, once you do this and all the charities there are out there, thousands of them. which ones do you find or have you found that are really...
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you don't pay the taxes. now the other part about it i think people need to look into, in 2007 he had over $9 million worth of stocks. it went up 147%. 2007 a cusp at the top, the market crashed. from the january low. not from 2007, what stocks was he holding? do they benefit from his power or government regulations, i want to know what stocks this guy was holding and why they went up so much. stuart: well said, because we don't know the whole story. the shock value as a man like him has $18 million to lose me first place place and getting around capital gains tax. charles: in the same scheme, where is he getting this cash? stuart: we will hear more. your take on your loss of privacy is next. yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. with fidelity's options platform, we've completely integrated e
you don't pay the taxes. now the other part about it i think people need to look into, in 2007 he had over $9 million worth of stocks. it went up 147%. 2007 a cusp at the top, the market crashed. from the january low. not from 2007, what stocks was he holding? do they benefit from his power or government regulations, i want to know what stocks this guy was holding and why they went up so much. stuart: well said, because we don't know the whole story. the shock value as a man like him has $18...
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there will be no tax reform. there will be no significant deficit or debt reduction period. this is steady as she goes, just keep on going the way we're going now and don't rock the boat and no shutdown. bill: wonder if that could even pass in the house. we'll see. the headline underneath it is what for consumers? >> long suffering air travelers will take a big hit. bill: really? >> yes. it is proposed one of the small details in this deal, there is likely a proposal to extract an extra $25.9 billion from air travelers over the next 10 years. eight billion of that would go to take care of security. 18 billion would go towards deficit reduction. but airline travelers who take the hit, bill. bill: didn't see that one coming. the president wants to extend unemployment benefits. is that a deal-maker or a deal-breaker? >> it could be a deal-breaker depending how hard the president pushes and how hard democrats push for it in the senate and in the house. at the moment, come january, 1.3 million people who are receiving unemployment benefits now will be cut off. the president wants
there will be no tax reform. there will be no significant deficit or debt reduction period. this is steady as she goes, just keep on going the way we're going now and don't rock the boat and no shutdown. bill: wonder if that could even pass in the house. we'll see. the headline underneath it is what for consumers? >> long suffering air travelers will take a big hit. bill: really? >> yes. it is proposed one of the small details in this deal, there is likely a proposal to extract an...
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because later on this afternoon in "street signs, reque signs," wer big companies, not just in time for tax season, but one you'll want to put on your radar. back to you. >> all right. one stock to watch is clearly twitter. we're looking at the highest levels since the company went public. $52.59, off slightly from the level. but we'll talk more about why twitter is behaving so well in just a moment. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ thaso ally bank has a puts more that won't trap me in a rate. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd.
because later on this afternoon in "street signs, reque signs," wer big companies, not just in time for tax season, but one you'll want to put on your radar. back to you. >> all right. one stock to watch is clearly twitter. we're looking at the highest levels since the company went public. $52.59, off slightly from the level. but we'll talk more about why twitter is behaving so well in just a moment. the american dream is of a better future, a confident retirement. those dreams,...
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you folks are not as exposed as we are in areas that have taken away the taxes from the school system, impact aid is necessary. that will stop on december 31st. the things that won't stop right then but will be of major concern i will mention two and respond to questions. any major projects currently under construction will have to stop work and i use an example of a floor that contains 1 thirty-six million to continue construction at the replacement of the command center in nebraska. if this is not authorized then the work will have to stop half way through. on the other hand, you take the 78, something we have already spent $12 billion on. if we are not able to pass this bill it will have to stop. we have 300 voters out of work and all of that but the point is we would be wasting billions of dollars if we don't do this. it contains a lot of provisions, the previous speakers particular aided, the only way to have a bill is to go ahead and do it this way and i commend, talking about the big 4, we can go today, spent a lot of time going over this, we have -- we are going to do our best
you folks are not as exposed as we are in areas that have taken away the taxes from the school system, impact aid is necessary. that will stop on december 31st. the things that won't stop right then but will be of major concern i will mention two and respond to questions. any major projects currently under construction will have to stop work and i use an example of a floor that contains 1 thirty-six million to continue construction at the replacement of the command center in nebraska. if this...
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and they say rents have skyrocketed and many people have received eviction notices. >> they get my tax paying dollars and i am booted out and i am not too happy with that. >> they want to put affordable housing ahead of corporate demand. >> the city is taking steps to slow the number of evictss. collectors' seats will go on sale and it will be dismantleed sometime next year. delivery will go to next year and it will go to the parks department as well. >>> hearing postponed why the hearing into the airlines crash that was due to get underway this morning is not happening. >>> and a southern fire at a san francisco recycling plant happened just within the past 40 minutes. >>> good morning, right now we are looking at traffic which is getting more crowded as we get closer to the 6:00 hour and 880 westbound is slow along with some other areas, i will tell you where. >>> 30s and 20s, although it is warmer in san francisco, we will tell you how much longer this gold snap will last. . >>> good morning, and san francisco fire and why it took so long for the fire to be put out. >>> we will tell
and they say rents have skyrocketed and many people have received eviction notices. >> they get my tax paying dollars and i am booted out and i am not too happy with that. >> they want to put affordable housing ahead of corporate demand. >> the city is taking steps to slow the number of evictss. collectors' seats will go on sale and it will be dismantleed sometime next year. delivery will go to next year and it will go to the parks department as well. >>> hearing...
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may help lower your tax bill. remember you have until december 31st to make your donations if you plan to deduct them for the 2013 tax return. for more on charitable giving, go to jill on money.com. >> jill. thank you. >> thank you jill. >>> and if you're looking for the perfect holiday gift -- you know how about the airport? >> how about it? it's in spain. about 100 miles south of madrid. the central airport hit the auction block on monday. the asking price is only $130 million. it's known as a ghost airport because no one uses it. it opened in 2008 but went bankrupt last year. >> it's beautiful. $130million. >>> 5:42 right now. a tow monkey is -- toy monkey is at the center of a continue verysy involving the tsa. the incident that left the owner shocked and embarrassed. >> and princetop university going to extreme lengths to stop a meningitis outbreak. the risky treatment that's now underway. >> and the pictures might make you salivate but instagram photos of food you'll love. they could actually help you lose w
may help lower your tax bill. remember you have until december 31st to make your donations if you plan to deduct them for the 2013 tax return. for more on charitable giving, go to jill on money.com. >> jill. thank you. >> thank you jill. >>> and if you're looking for the perfect holiday gift -- you know how about the airport? >> how about it? it's in spain. about 100 miles south of madrid. the central airport hit the auction block on monday. the asking price is only...
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to a flath regard tax, we must reform the tax code. we are letting wealthy people get off the hook by sending the money overseas. we saw a presidential candidate do that in the last election. that is not fair. somebody making several million dollars a year would be paying the same rate as somebody that is digging a ditch for $10 an hour. that is not fair. clearly we need to simplify the loopholeso end the that allow corporations -- some corporations pay no tax at all. that is wrong. individuals can avoid taxes with loopholes and schemes. all of that should end. part of the responsibility is to help pay for the nation in a fair and appropriate way. we have a huge public campaign finance reform. we have secret money in terms of hundreds of billions of dollars. it is clearly corrupting the process. the supreme court's decision made it difficult to pass any ind of legislation except t so that disclosure people know what to expect. the internal revenue service is looking at it regulation that is being abused and this is the 501c4 regulation
to a flath regard tax, we must reform the tax code. we are letting wealthy people get off the hook by sending the money overseas. we saw a presidential candidate do that in the last election. that is not fair. somebody making several million dollars a year would be paying the same rate as somebody that is digging a ditch for $10 an hour. that is not fair. clearly we need to simplify the loopholeso end the that allow corporations -- some corporations pay no tax at all. that is wrong. individuals...
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. >> police have arrested a hayward catholic school teacher for lubewd tax on a child. they said that the suspect molested a young student over a two-year period 29 year-old mia cu mmings of oakland, is being held now on a hundred thousand dollars bail. if she worked as an after- school program assistant at all saints catholic school in hayward. she is not charged with felony counts of oral sex. the victim told police of at least 10 separate incidents. the diocese is not commenting on the case at this time. she is on paid administrative leave and to accord in january to enter a plea. please do not believe that there are other victims. maligned coming up on the kron4 morning news spirit will have the tech report with gabe slate. >> time for the tech report gabe slate. >> good morning, i have a new gadget to show you. this was developed in silicon valley. this device could save your life or for someone that you care about. it is perfect for the holiday. this device plugs into your phone and it turns your phone into a real functioning breathalyzer. anyone can have access t
. >> police have arrested a hayward catholic school teacher for lubewd tax on a child. they said that the suspect molested a young student over a two-year period 29 year-old mia cu mmings of oakland, is being held now on a hundred thousand dollars bail. if she worked as an after- school program assistant at all saints catholic school in hayward. she is not charged with felony counts of oral sex. the victim told police of at least 10 separate incidents. the diocese is not commenting on the...
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run, it was a net gain for taxpayers, keeping 2.5 million people on the job spending money and paying taxes. >>> the ceo of the new american airlines says no rate hikes for now. they merged yesterday with u.s. airways. doug parker, ceo, says air fares will remain steady. >>> new evidence that the nation's retailers have been scaling back a bit on their holiday hiring. last month, the retailers brought in 471,000 workers. about 5% less than the record of 494,000 workers set last year. analysts say it shows a possible drop in business confidence. >>> forbes magazine is out with a list of what they call hollywood's overpaid actors. topping the list, adam sandler, katherine heigl a close second. reese witherspoon rounds out the top three. forbes arrives at the list after considering a star's pay, the movie budgets, and expenses. i wouldn't mind being on that list. overpaid. >> it usually means underworked, right? >>> well, a new use for the little blue pill. why some doctors are saying viagra might be useful to women? >> really? >>> fun gone too far maybe. a snowball fight getting out of contro
run, it was a net gain for taxpayers, keeping 2.5 million people on the job spending money and paying taxes. >>> the ceo of the new american airlines says no rate hikes for now. they merged yesterday with u.s. airways. doug parker, ceo, says air fares will remain steady. >>> new evidence that the nation's retailers have been scaling back a bit on their holiday hiring. last month, the retailers brought in 471,000 workers. about 5% less than the record of 494,000 workers set...
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there is no incentive built in because of the medical device tax. little by little, we're seeing the cascade effect. maybe the intent was to get everybody insurance, the bottom line is nobody is getting quality insurance and they're not getting everything they need. >> something that's called the affordable care act when taxicabs providing less care -- had it's providing less care. this latest uncertainties sort of bolts into what's going on. i think just brings more concern. giving everybody a headache this morning to think about the fact that you can't take that cost and offset it deductible. that's at the heart of all americans who may be taking medication and it's just another way. we see institutions like corporations, pharmaceuticals. they're invasive enough to deal with what is going to come. but the average american person isn't. they're left with little choice and it's really a bad thing. >> sure. so you can't keep your doctor necessarily. you can't keep your plan. you can't keep your hospital. and now perhaps you can't keep the pills you'r
there is no incentive built in because of the medical device tax. little by little, we're seeing the cascade effect. maybe the intent was to get everybody insurance, the bottom line is nobody is getting quality insurance and they're not getting everything they need. >> something that's called the affordable care act when taxicabs providing less care -- had it's providing less care. this latest uncertainties sort of bolts into what's going on. i think just brings more concern. giving...
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they are not talking about tax reform. they are not talking about a massive way to fix some of these issues at the defense department. it really is just sort of this status quo negotiation. >> what about unemployment benefits. how will that shake out? $25 billion. republicans insist it gets paid for? >> do i think they are going to insist it gets paid for but it will be in there and pay for it in some way. i assume it comes from the selling of the spectrum and this airline deal. but the fact that that's what we're talking about. >> that's an inside joke. every time you need money we'll sell the spectrum. >> they are disagreeing how much spectrum is worth. that's another issue. >> how do you sell this spectrum, harold? >> you know what is it, joe, you're selling stuff in the air. >> i think chuck is right, i'm not applauding this but the fact that we are -- the fact we are applauding this is telling about where we are. >> small ball is better than no ball. >> you're saying the same thing. >> i am. >> i think it's amazing. i
they are not talking about tax reform. they are not talking about a massive way to fix some of these issues at the defense department. it really is just sort of this status quo negotiation. >> what about unemployment benefits. how will that shake out? $25 billion. republicans insist it gets paid for? >> do i think they are going to insist it gets paid for but it will be in there and pay for it in some way. i assume it comes from the selling of the spectrum and this airline deal. but...
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taxes and health care. it made no difference. >> if you do -- i know you don't -- but you know that obama care's at 57%. >> forget it. >> if that was the issue, it was just obama care, you wouldn't have gotten 51%. but what elected -- what spawned the tea party, what spawned that 2010 route was the way the democrats passed obama care where you took 20% of the economy without a single republican vote. you even lost ted kennedy's seat in the process as it was happening, had to do reconciliation. it was ugly, that's why we're sitting here in this poisonous atmosphere. and look what we're dealing with with obama care. do you think you should have done it that way? >> but the fact of the matter is, we were also in the deepest recession anyone here has experienced. >> can i ask one question? >> which leads to anger and fear and reaction against all of those that they felt responsible had to put them in that trick bag. >> we are up against a hard break with the commercial. but, leader, would you stay for the next
taxes and health care. it made no difference. >> if you do -- i know you don't -- but you know that obama care's at 57%. >> forget it. >> if that was the issue, it was just obama care, you wouldn't have gotten 51%. but what elected -- what spawned the tea party, what spawned that 2010 route was the way the democrats passed obama care where you took 20% of the economy without a single republican vote. you even lost ted kennedy's seat in the process as it was happening, had to...
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taxes on my jean, rental cars. the question is whether the public will eventually repay the money. >> what is the new now? ?> as far as facilities >> or the pushback. >> acting strong pushback. -- i think strong pushback. dan francisco has a new facility, the public is involved and it seems to be working well there. a lot depends on whether you can get mixed use development around the facility. alternately bringing new money into the county or municipality. that alone will depend on whether or not it was successful. >> i believe there is a football game in january and february in three feet of snow in new jersey? >> i'm not to mention the ice hockey game in new jersey as well. the facility -- paid for by taxpayers >> the owners were on the hook. but they sold licensing to the public. in some ways the public is paying for the stadium because they have to buy the right to buy the tickets. >> we talked about how fenway park is 100 years old. the vikings are getting a new stadium. the marlins are getting a new stadium.
taxes on my jean, rental cars. the question is whether the public will eventually repay the money. >> what is the new now? ?> as far as facilities >> or the pushback. >> acting strong pushback. -- i think strong pushback. dan francisco has a new facility, the public is involved and it seems to be working well there. a lot depends on whether you can get mixed use development around the facility. alternately bringing new money into the county or municipality. that alone will...
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taxes mayors originally shelling out r50 billion to bail out general motors. that is the height of the financial crisis. without that bailout the u.s. would have lost more than a million jobs and it could slip into depression and by the way gm closing at a record high yesterday. >>> a woman locked inside a bathroom with no way to escape. >> i also used the leg of the chair to wedge under the door handle and twist, twist repeatedly and that started kind of loosening it. >> it would take a lot more to breaking down the door to escape. the great lengths she had to go to to get out. >> the super bowl experience will be missing. what fans are banned from doing even before the game starts. >> the ceremony getting underway about 15 minutes ago. stay with us. >> an indiana teenager a here refor helping save children from a icy pond who shot and killed a friend who didn't realize his weapon was loaded. 16-year-old aubrey peters was pronounced dead at a local hospital. witnesses say a hand gun was raised to her chest by a fren and fired. jacob mcdaniel is charged monday
taxes mayors originally shelling out r50 billion to bail out general motors. that is the height of the financial crisis. without that bailout the u.s. would have lost more than a million jobs and it could slip into depression and by the way gm closing at a record high yesterday. >>> a woman locked inside a bathroom with no way to escape. >> i also used the leg of the chair to wedge under the door handle and twist, twist repeatedly and that started kind of loosening it. >>...
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Dec 10, 2013
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nokia owes up to $3.4 billion in taxes. they earlier said they owed $2.4 million. it's quite a big jump. we'll keep our eyes on that. anyway, that's a big bill if it's true. >>> eads, meanwhile, has outlined a restructuring plan which will enhance its business competitive. stephane is in paris with the reaction and the detail. stephane. >> and among the reactions, the french labor minister says it's unacceptable for eads to get overall stat in france. he said the large company and profitable group like eads should have a duty to ensure that there are no forced layer. the comments came just a few hours after eads announced 5,800 job cuts. restructuring will affect roughly 2,000 jobs in germany, 1,260 in france, 567 in spain and 550 in the united kingdom. in france, eads is going to sell its paris headquarter, since the headquarter of the company has been moved. the plan will be implemented over the next three years. some of the terms will be offered in terms of mobility. but eads warned this morning that there could be additional job cuts in the future should the bu
nokia owes up to $3.4 billion in taxes. they earlier said they owed $2.4 million. it's quite a big jump. we'll keep our eyes on that. anyway, that's a big bill if it's true. >>> eads, meanwhile, has outlined a restructuring plan which will enhance its business competitive. stephane is in paris with the reaction and the detail. stephane. >> and among the reactions, the french labor minister says it's unacceptable for eads to get overall stat in france. he said the large company...
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Dec 10, 2013
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, those taxes were actually terrorists. it was the king of england signing proposed tariffs on trade and tea among other things to generate money for his foreign wars trade grade when the founders wrote the constitution they very explicitly made sure that congress, the body closest to the people had exclusive authority over trade. they wanted to make sure the executive couldn't just unilaterally impose some trade policy that favored a friend or foreign interests. so when the founders wrote the constitution in article i a congress had exclusive authority over foreign commerce and setting tariffs. nixon in 1974 came in and with fast track up-ended 200 years of congress is control of trade policy that the founders wisely created in the constitution. but also fast-track open the door to what is often called diplomatic legislative as well as giving the executive branch a new and enormous role in control over trade agreements. fast-tracked or the first time ever authorized u.s. negotiators to actually set rules in trade negotiati
, those taxes were actually terrorists. it was the king of england signing proposed tariffs on trade and tea among other things to generate money for his foreign wars trade grade when the founders wrote the constitution they very explicitly made sure that congress, the body closest to the people had exclusive authority over trade. they wanted to make sure the executive couldn't just unilaterally impose some trade policy that favored a friend or foreign interests. so when the founders wrote the...
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BLOOMBERG
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you make something illegal, you push it underground, you get tax revenue and you stop spending money trying to protect citizens from smoking weed if you make it legal. entertain me for a moment. -- wouldk you would be have to be high to read the whole thing. they went to try to finalize the volcker rule today. >> good segue. >> thank you so much. >> i want to leave you with live pictures that are coming to us from just outside johannesburg from the football stadium in soweto. and south africa pays tribute to nelson mandela. he passed away last week at age 95. ♪ >> this is "bloomberg surveillance." this seventh year of financial crisis, washington says wall street muslims by the vocal role. the customer comes first year it -- comes first. presidents travel to johannesburg to pay respect to the memory of nelson mandela. late,r fedex package is you deserve a refund? this is "bloomberg surveillance ." i'm tom keene. joining me is scarlet fu and alix steel. let's get right to the morning breeze as the ceremonies continue in south africa. >> in china, industrial output rose less than est
you make something illegal, you push it underground, you get tax revenue and you stop spending money trying to protect citizens from smoking weed if you make it legal. entertain me for a moment. -- wouldk you would be have to be high to read the whole thing. they went to try to finalize the volcker rule today. >> good segue. >> thank you so much. >> i want to leave you with live pictures that are coming to us from just outside johannesburg from the football stadium in soweto....
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those federal taxes. and so, i don't -- i think people can very, very easily see through it. it's quite transparent. and again, we haven't gotten away from the 2010 comments. no one's ever going to forget the comments on the campus of howard university, because that is the way that people think the republicans relate to different demographics, that they pander to them, they talk down to them, they think they're less intelligent, think they don't understand history. so, rand paul has fallen into the sort of traps of republicanism over the last, you know, several decades or so, and i think it's very transparent at this point. >> there is a way, i think, to cash this out. i mean, if you're rand paul. whether this is a stunt or not, which is be a warrior on capitol hill for standard drug laws, and he does support standard drug laws, his voting record is pretty good on this, but it's a question of where you put your political capital. put yourself on the line, take political risk, go talk to your own constitue
those federal taxes. and so, i don't -- i think people can very, very easily see through it. it's quite transparent. and again, we haven't gotten away from the 2010 comments. no one's ever going to forget the comments on the campus of howard university, because that is the way that people think the republicans relate to different demographics, that they pander to them, they talk down to them, they think they're less intelligent, think they don't understand history. so, rand paul has fallen into...
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canceled coverages, sticker shock in the form higher premiums and dramatically higher deductibles and tax increases that will lead to higher cost for other things. >> you bring up when he spoke, that the republicans didn't have any alternatives. and frankly, that was just false. he may not like the ideas. maybe they were bad. there were alternatives out there. he just says that. and he cannot possibly believe that. he may not like them. they may be bad ideas but that's a lie. >> well, i don't think they're bad ideas. that's the arrogance. if he doesn't like it, he dismisses it. >> and i think that at least in their world, there is one way to do this and only one way to do. this it is obama care. and it is a failed system built upon a faulty foundation. and now we're seeing the real life impacts of that. there are republican ideas that are out there. we have a lot of members who would love to have the opportunity to debate those if we could get that chance. it means the president will have to acknowledge this isn't working and get back to the drawing board. we would be more than willing to
canceled coverages, sticker shock in the form higher premiums and dramatically higher deductibles and tax increases that will lead to higher cost for other things. >> you bring up when he spoke, that the republicans didn't have any alternatives. and frankly, that was just false. he may not like the ideas. maybe they were bad. there were alternatives out there. he just says that. and he cannot possibly believe that. he may not like them. they may be bad ideas but that's a lie. >>...
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taxes will go up because the bill will be massive. they will force young people to buy in and employed people to pay more, period. they have to. >> penny? >> under the existing system we were paying for the young and healthy to get into a car wreck and go into the mrnl room. taxpayers were already paying for it. for them to have affordable health care at a base minimum of what the package could be, some of it could be $50. it will be able to lessen the burden. >> a young person would rather have catastrophic care with with a high deductible because odds are they aren't going to get sick at a young age. if they got cancer or this a car accident they would be covered. this doesn't give them the option. >> it does, if they sign up. >> no, it doesn't. >> if they sign up at the base level, yes. they are able to have catastrophic coverage. >> why are people losing coverage they like? it doesn't meet the, quote standards in the law. >> there is an improved standard. >> you have to take the plan -- >> you're making my point. lots of people ga
taxes will go up because the bill will be massive. they will force young people to buy in and employed people to pay more, period. they have to. >> penny? >> under the existing system we were paying for the young and healthy to get into a car wreck and go into the mrnl room. taxpayers were already paying for it. for them to have affordable health care at a base minimum of what the package could be, some of it could be $50. it will be able to lessen the burden. >> a young...
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Dec 10, 2013
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they go out and put it into tax shelters and they go out and invest it, which is great. but on a dollar-for-dollar basis, the money that goes into food stamps and unemployment benefits goes right back in the economy, because people who have them need to spend them. >> and there used to be a bipartisan understanding about these kinds of things, but that's disappeared. let's listen to what john boehner said about this. >> if the president has a plan for extending unemployment benefits, i'd sure entertain taking a look at it. but i would argue the president's real focus ought to be creating a better environment for our economy and creating more jobs for the american people. that's where the focus is. not more government programs. >> robert reich, that is actually the most reasonable thing i can find that a republican has said about this. that's as good as it gets. >> but john boehner and much of the rest of the republican party really do believe that somehow the job creators in this country are the rich, the people who run corporations, the people who run wall street. but t
they go out and put it into tax shelters and they go out and invest it, which is great. but on a dollar-for-dollar basis, the money that goes into food stamps and unemployment benefits goes right back in the economy, because people who have them need to spend them. >> and there used to be a bipartisan understanding about these kinds of things, but that's disappeared. let's listen to what john boehner said about this. >> if the president has a plan for extending unemployment...